Citigroup Catches Another Break
Citigroup chairman Dick Parsons couldn't be bothered to go to the White House on Monday to meet the president—he has an extremely active social life, let's not forget!—but the bank continues to enjoy special treatment in Washington, you'll be pleased to hear. On Friday afternoon, the IRS granted a special exemption that will allow Citi to hold on to a $38 billion tax benefit. [NYT]